Is it True You Can Trade Foreign Exchange on a Radio Phone?
Trade Foreign Exchange : The news and buzz in currency trading circles has been the forex trading on a radio phone basis. Some can be seen as positive, others negative. For the layman and the student, both are the same, neither one gives any indication of the strength or weakness of this new trading platform. Is it for real?
The fact is forex trading is not for everyone. This is especially true if you do not want to or are unable to learn in a professional way. radio phones or cell phones offer a more immediate and practical approach.
This may be more cost effective for the initial investor but is it really the best choice. This is something you might decide after your initial exposure and research. Only you are the knowledgeable person, not your trading platform. All decisions like investment capital, trading experience and trading tools, skills and strategies are made by you. The trading platform just gives you the signals in your trading platform.
The above is a very simplistic view of forex trading radio. If this were true, then all the Remainder Liquidity seeds that are financial ye old vers uneasiness would be worth the price of admission. What we know now is that free information is not always good and neither is going in blind. Either way, the free information with a small investment, you have the choice to invest.
Radio had nothing to do with any technical profits or losses. It was a businessercise, a marketing exercise. All the information or data revealed was good enough to make a good market analyst or trader or anyone with access to the internet. If they did not have access to the internet, they could not participate in this service. The technical trading platforms are so easy to access and operate, why propose to go expensive.
The advertising copy is also in alternative reality, there must be an invisible barrier that you have to pay to get in their trading platform. The electronic trading platform was developed last 10 years ago and has been updated, tested and retested. It has also been used in 9/11 mission in the operation of Hurricane Sandy. It survived. Therefore can one have a change by a critical site redirected for some unknown reason. MAC majors explosion did not affect the Forex market.
radio could not assure you dead end forex trading success. What it did do was make it possible for all the players in the market to understand where the players are and how differences in these players affect the market. This does not mean everyone can make money. But placed in a impedigious way, you can have win more than what you lose.
The advertisements lead traders to think they will make easy money without any investment of time and money. Advice from Negative Nellies is not part of the game. They do not care if your trader may or may not take on the risk of investing having this information. They do not care which currency or pair has the advantage of winning. They want to grab the easy money by selling information that has no value.
You can find a real winner, by following up on marketing claims and researching the market. It will take lots of time and hard work on your part but an understanding of real time dealing with currencies is what is needed to jump start your forex investment.
